Sit Investment Associates Decreased Lincoln National (LNC) Position; Grandeur Peak Global Advisors Lifted Cobiz Financial (COBZ) Stake By $478,553

April 12, 2018 - By Annabelle Johnson

CoBiz Financial Inc. (NASDAQ:COBZ) Logo

Sit Investment Associates Inc decreased Lincoln National Corp (LNC) stake by 10.53% reported in 2017Q4 SEC filing. Sit Investment Associates Inc sold 28,425 shares as Lincoln National Corp (LNC)’s stock declined 7.45%. The Sit Investment Associates Inc holds 241,432 shares with $18.56M value, down from 269,857 last quarter. Lincoln National Corp now has $14.84 billion valuation. The stock decreased 2.03% or $1.41 during the last trading session, reaching $68.01. About 3.29 million shares traded or 116.49% up from the average. Lincoln National Corporation (NYSE:LNC) has risen 13.38% since April 12, 2017 and is uptrending. It has outperformed by 1.83% the S&P500.

Grandeur Peak Global Advisors Llc increased Cobiz Financial Inc (COBZ) stake by 70.95% reported in 2017Q4 SEC filing. Grandeur Peak Global Advisors Llc acquired 25,187 shares as Cobiz Financial Inc (COBZ)’s stock declined 5.55%. The Grandeur Peak Global Advisors Llc holds 60,687 shares with $1.21 million value, up from 35,500 last quarter. Cobiz Financial Inc now has $817.66 million valuation. The stock decreased 0.66% or $0.13 during the last trading session, reaching $19.53. About 40,068 shares traded. CoBiz Financial Inc. (NASDAQ:COBZ) has risen 19.91% since April 12, 2017 and is uptrending. It has outperformed by 8.36% the S&P500.

Investors sentiment increased to 1.74 in Q4 2017. Its up 0.24, from 1.5 in 2017Q3. It increased, as 4 investors sold COBZ shares while 30 reduced holdings. 19 funds opened positions while 40 raised stakes. 32.87 million shares or 0.93% less from 33.18 million shares in 2017Q3 were reported. Banc Funds Lc invested in 1.03% or 1.10 million shares. Sit Investment has 0.01% invested in CoBiz Financial Inc. (NASDAQ:COBZ). Us National Bank & Trust De holds 0% or 2,817 shares. Wells Fargo Com Mn has invested 0% in CoBiz Financial Inc. (NASDAQ:COBZ). Wellington Group Inc Inc Limited Liability Partnership has invested 0% in CoBiz Financial Inc. (NASDAQ:COBZ). Rhumbline Advisers has invested 0% in CoBiz Financial Inc. (NASDAQ:COBZ). Oberweis Asset Mgmt Inc accumulated 52,343 shares. Macquarie Grp Inc has invested 0.04% in CoBiz Financial Inc. (NASDAQ:COBZ). Eam Invsts Llc holds 107,319 shares or 0.28% of its portfolio. Voya Mngmt Ltd Liability has 25,198 shares. Moreover, Thrivent Financial For Lutherans has 0.08% invested in CoBiz Financial Inc. (NASDAQ:COBZ). Jpmorgan Chase Com reported 8,308 shares. Forest Hill Cap Limited Liability Co holds 1.71% of its portfolio in CoBiz Financial Inc. (NASDAQ:COBZ) for 302,657 shares. Comml Bank Of New York Mellon reported 777,194 shares stake. Northern Tru holds 450,345 shares.

Since October 23, 2017, it had 0 insider buys, and 11 insider sales for $1.30 million activity. 5,000 shares were sold by Huss Christopher S, worth $104,250 on Monday, October 23. On Friday, October 27 ANDRICH LYNE B sold $49,012 worth of CoBiz Financial Inc. (NASDAQ:COBZ) or 2,335 shares. Shares for $110,598 were sold by Page Scott. 17,176 shares valued at $358,978 were sold by OSTERTAG ROBERT on Friday, October 27. DUMLAO TROY sold $10,405 worth of stock. BANGERT STEVEN sold $104,000 worth of stock. Pass David sold 1,250 shares worth $25,263.

Among 7 analysts covering CoBiz Financial Inc (NASDAQ:COBZ), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. CoBiz Financial Inc has $24.0 highest and $13 lowest target. $18.29’s average target is -6.35% below currents $19.53 stock price. CoBiz Financial Inc had 15 analyst reports since July 20, 2015 according to SRatingsIntel. The stock of CoBiz Financial Inc. (NASDAQ:COBZ) earned “Hold” rating by Piper Jaffray on Monday, January 29. The stock has “Buy” rating by Keefe Bruyette & Woods on Friday, October 20. On Tuesday, October 3 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The stock of CoBiz Financial Inc. (NASDAQ:COBZ) has “Outperform” rating given on Monday, October 19 by Macquarie Research. The firm earned “Hold” rating on Monday, July 24 by Piper Jaffray. The stock of CoBiz Financial Inc. (NASDAQ:COBZ) earned “Sell” rating by Zacks on Monday, August 17. As per Friday, July 21, the company rating was maintained by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Thursday, December 21 report. On Monday, October 24 the stock rating was downgraded by Macquarie Research to “Neutral”. RBC Capital Markets maintained it with “Outperform” rating and $13 target in Tuesday, February 16 report.

Grandeur Peak Global Advisors Llc decreased Signature Bk New York (NASDAQ:SBNY) stake by 11,425 shares to 36,600 valued at $5.02 million in 2017Q4. It also reduced Staar Surgical Co (NASDAQ:STAA) stake by 108,269 shares and now owns 327,766 shares. Littelfuse Inc (NASDAQ:LFUS) was reduced too.

Among 17 analysts covering Lincoln National (NYSE:LNC), 9 have Buy rating, 1 Sell and 7 Hold. Therefore 53% are positive. Lincoln National had 55 analyst reports since August 4, 2015 according to SRatingsIntel. As per Tuesday, August 15, the company rating was maintained by Keefe Bruyette & Woods. On Friday, May 5 the stock rating was maintained by Wells Fargo with “Hold”. The company was maintained on Monday, October 9 by RBC Capital Markets. Zacks downgraded Lincoln National Corporation (NYSE:LNC) on Tuesday, August 4 to “Hold” rating. Wells Fargo initiated Lincoln National Corporation (NYSE:LNC) on Friday, September 23 with “Market Perform” rating. The company was upgraded on Tuesday, January 2 by JP Morgan. The stock of Lincoln National Corporation (NYSE:LNC) earned “Hold” rating by Keefe Bruyette & Woods on Sunday, January 21. On Thursday, January 26 the stock rating was initiated by Citigroup with “Buy”. The rating was maintained by Wells Fargo on Wednesday, August 2 with “Hold”. The stock has “Mkt Perform” rating by FBR Capital on Wednesday, November 9.

Since February 2, 2018, it had 0 insider buys, and 7 sales for $14.98 million activity. $799,671 worth of Lincoln National Corporation (NYSE:LNC) was sold by Buckingham Lisa. The insider Freitag Randal J sold $147,152. GLASS DENNIS R sold $8.67M worth of stock. 7,300 shares were sold by Cooper Ellen, worth $620,568 on Friday, February 2. Another trade for 1,875 shares valued at $147,244 was made by Solon Kenneth S. on Wednesday, February 21.

Sit Investment Associates Inc increased Nuveen Energy Mlp Total Return (JMF) stake by 40,380 shares to 489,108 valued at $5.57 million in 2017Q4. It also upped Voya Prime Rate Tr Ppr (NYSE:PPR) stake by 508,768 shares and now owns 533,768 shares. Wa/Clay Inflation (WIW) was raised too.

Lincoln National Corporation (NYSE:LNC) Institutional Positions Chart